The $2B One Beverly Hills development will include an ultra-luxe hotel called Aman.
The 106-key hotel offers a wide mix of accommodations for rent, including lofts and beds in shared rooms.
The hospitality and leisure sector lags behind all others in post-pandemic employment trends, complicating the recovery of the hotel industry.
Small owners are starting to look for buyers as capital runs out following a tough period for European hotels
The Saudi fund is one of the top 10 sovereign wealth funds in the world.
Interest in the Irish hotel market from international investors is heating up
Investors are betting on the appeal of outdoor-oriented luxury hospitality.
As group and business travel increases, urban markets are beginning to see their hospitality industries recover, and owners see more positive tailwinds.
The redevelopment site sold for $18M.
Slowing activity as a result of rising interest rates and a potential economic downturn are being outshined in the data by billion-dollar deals.
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